U.S. Stocks Rally As Nasdaq Has Best Day Since August

U.S. stocks rallied on Tuesday with the Nasdaq Composite posting its biggest one-day gain in six months as oil prices continued their advance. The S&P 500 climbed 46 points, or 2.4%, to close at 1,978 while the Dow Jones Industrial Average added 348 points, or 2.1%, to finish at 16,865. Both the S&P 500 and the Dow recorded their biggest percentage jump since Jan. 29. The Nasdaq closed up 131 points, or 2.9%, at 4,689, its best percentage gain since Aug. 26. Notable movers included Range Resources Corp. which soared 8.5% while Valeant Pharmaceuticals International Inc. extended losses to drop 0.5%.